<ARTICLE> 5
<LEGEND>
The financial information contained herein has been extracted from the financial
statements included in Part I, Item 1 of Form 10-Q dated June 30, 1999 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                          52,279
<SECURITIES>                                    46,526
<RECEIVABLES>                                      786
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               102,494
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 143,579
<CURRENT-LIABILITIES>                           18,036
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            50
<OTHER-SE>                                     125,493
<TOTAL-LIABILITY-AND-EQUITY>                   143,579
<SALES>                                              0
<TOTAL-REVENUES>                                 5,238
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                54,140
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                               (49,462)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                           (49,462)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (49,462)
<EPS-BASIC>                                     (9.96)
<EPS-DILUTED>                                   (9.96)